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issuings. but i don't think europe will put us in a whole. experts make up only two percent of american gdp. if you see the u.s. banks pull back on lending we'll have problems. >> to victoria's point. then europe and china matter more on the u.s. economy. what do you think? >> i think we were so burned by the 2008 melt down that many people didn't see we overdo the threat on the horizon. victoria is right. it takes a couple of 10ths of a point and we are perilous close to a rescission. i don't think it is a big event. rick, they are worried about the fiscal christs and we have a capitol strike going on. u.s. treasuriers saying we are parking 50 percent of the debt in u.s. backings. isn't that poor of problem. >> we hear the bad news and it makes us nervous . victoria hit the fact on the nose. two percent of the gdp comes from the sales.own yes, recessin highly unlikely. what does worry me. u.s. banks have far more exposure to the european front than we are told. it is a credit crunch we could do without. >> i think mike hasn't heard the news yet. the u.s. housing market bottomed on tuesday
christs and we have a capitol strike going on. u.s. treasuriers saying we are parking 50 percent of the debt in u.s. backings. isn't that poor of problem. >> we hear the bad news and it makes us nervous . victoria hit the fact on the nose. two percent of the gdp comes from the sales. slow down yes, recession highly unlikely. what does worry me. u.s. banks have far more exposure to the european front than we are told. it is a credit crunch we could do without. >> i think mike hasn't heard the news yet. the u.s. housing market bottomed on tuesday . more good news, because costs are low in the u.s. we are bringing manufacturing back to the u.s.. there is a 50-50 chance we'll repeal obama care. >> not a chance. >> greece is about the size of connecticut and maybe it will not affect the u.s. economy. if our banks had taken the time to shore up the balance sheet. you think what matters most is washington d.c. policy. who is going to be elected president is going to matter a lot . what is happening in congress is a big wild card here . europe, i am not as worried about europe. i agree w
to stay in california. who among us thinkings is it is not true. it is a correlation . and why do we have more. i wish it were true and doesn't seem to be. mark pointed out that labor costs played a major role. but there is something that plays a important role. consumer demand. you can have nothing but money in the bank . you will not spend it on jobs if people are not buying your product. that's where we solve the problem. >> john, is there a connection between tax rates and jobs? >> yeah, this one is so basic . there are no companies and jobs without investment and if you want to increase investment, you take less out from individuals that are working. and if you want to boost job creation through the tax code, you have to reduce price of work and investment on those most able to kill jobs. this will kill rick. the vital few in society that invest and create the jobs. >> steve, there is no known study connecting job growth with lower tax rates, what did you say. >> real world. 1960s and kennedy tax cuts kicked in we had a much more vibrant decade. and japan cut taxes every year and gre
was pathetic. could tax cuts get us moving in the right direction. every time we have substantial reduction in taxes it workings. john kennedy understood it and ronald reagan understood . the bottom line is when you raise. and lower the price you get more of them. maybe we should do it for the whole united states. >> we have lowered taxs and there is no real relationship between tax rates and job creation. i urge colleagues to show me that lower tax rates spur jobs growth. they are directly related to labor costs. you know, mr. steve forbes loves statistics. we will not bore you with it. will it increase jobs . washington is serious about cutting its own budget and expecting less out of our pockets . we have booming industry and we have a high unemployment rate. and it is an expensive state to do business n they're moving jobs to other states. bucking the trend at least it is moving to new york pretty soon. we have state and city income taxes that are way up and tolls are up and sales taxs and sintaxes. and be prepared maybe we ought to stay in california. who among us thinkings is it is no
our neighbors to the north. ben is 100% spot on. >> we used to laugh at them. >> david asbin with forbes on fox. here's dave. so much for the war on poverty. the percent of poor americans on track to hit the highest level since lbj declared his war on poverty, and that's after spending $15 trillion trying to defeat it some folks on forbes are where are the congressional spending on the this war? welcome to forbes on fox. wolego with steve and rich and rick and bill. >> that is the least of spending on the mean tested programs and now come to a trillion a year. what are we getting for it? all it does it perpetuate poverty. we need pro growth policies and not hand out from the government. >> is this money wasted? >> if you want to take on poverty address the real cas. people don't have jobbings. if we want to deal with poverty. we deal with jobbings. the only way we deal with jobs is if republicans in congress stop using it as a way to defeat barak obama. >> barak obama had four years to stop it >> he puts forward jobs bills and ther ignored. >> rich, i got to agree with one th
, democrats pushing us further towards that fiscal cliff? >> yeah, they want us to imitate france, raising taxes except in war time is a bad idea. especially if you have a weak economy, hurts risk taking, hurts success and slows the economy down. in the name of healthiness, they're hurting us. it happens every time. >> it goes against the grain, even young people, by the way, a poll of 18 to 29 year olds, 69% of whom said raising any taxes in this economic environment is a bad idea. >> yeah, but you know, you really have to wonder how americans are going to react when they begin to understand the actual data. fascinating thing available this week from the tax foundation. you can find it at their website, it's a calculator that shows you how much in taxes you'll be paying. >> they're kind of fun to work on. >> it's fascinating and let me tell you what we discover, it's remarkable. the actual increase in taxes earning 250,000 to 300,000, those we're told are job creators, you won't believe this. $199 more a year. and $16 a month, it won't even cost you one mocha java latte a week. this is ac
and everything was growgoing great. >> i never said it. >> you chastised us for saying that the economy was not growing well. >> i said you were too negative. and you celebrate brought out the fire works and had the sparklers going. >> i will get seriousine if you aren't. i am glad you named those democrats and there are more democrats including myself that think we need to look at how the welfare system works. we understand and i understand, too many people are taking advantage of the system. why not weed out the cheaters. >> and we did that with in the 90s and we had tremendous welfare reform and not only got people off of welfare but saved billions of dollars. >> since then, there are numurous programs, 69 means tested. and a lot of them are duplicative. and it is $940 billion a year. and got to reform. >> since then and those reforms, we are advertising food stamps on television and saying it helps your diet et cetera. >> i hear what you are saying and the issue is, why are a country that is generous. and we do take care of our poor. the issue is, ian foster said when you spoon feed
help us create jobs? wouldn't they pull back a little? >> david, all we have to do is go to george bush's presidency, facing headwinds of the crash of the internet bubble and the 9/11 terrorist attacks, he implemented a series of tax cuts, the last of which was signed into law in may of 2003. from that point to the end of january, 2009, the end of his presidency, his administration created 3.7 million new jobs. seven times more than have been created under president obama's reign of tax terror. >> welcome, and victor yeah, the fact is that not only were more jobs created, but the rich actually paid more as a result of those tax decreases, from 2003 to 2006, it went from 136 billion that they paid in taxes to 274 billion dollars, so, more money came in than revenues than job were created. >> that's a key point. i think if we hike taxes on the so-called rich, you end up just hitting small business owners lawyers and doctors, who are making above that threshold, but probably don't feel very rich, certainly if they live in the coastal cities like san francisco. 250,000 if you've got a famil
Search Results 0 to 7 of about 8

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